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China: Developers eye tourism real estate projects

Posted on 09 August 2012

About one-third of China’s top 100 real estate developers have stepped into the tourism real estate sector, amid the government’s stringent curbs on property investment and funding difficulties for small developers.
The first quarter of the year saw about 70 projects with investments above 100 million yuan in tourism real estate projects, with a total investment of 260 billion yuan ($40.83 billion). And the investments are expected to surpass 1 trillion yuan this year, according to 5u588.com, a domestic tourism website………………………………………..Full Article: Source


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